Almost half of asset and wealth management CEOs plan M&A in 2018

43% of CEOs planning M&A

Over 40% of asset and wealth management CEOs have said they are planning increase scale and enter new markets via mergers and acquisitions (M&A) or strategic alliances with other groups, according to a survey conducted by PwC.

The report, entitled Optimistic CEOs, buoyant growth, disruption ahead, which interviewed 126 CEOs about the threats and opportunities facing their businesses, found 43% had M&A intentions, while 48% planned to expand capabilities through either joint ventures or strategic alliances. The reasons for M&A motivations, the report said, was to enter new markets, increase scale and offer a more diverse product range. M&A activity has increased dramatically in the asset management industry over recent years with the mega-mergers of Janus Capital and Henderson Global Investors, and Standard ...